India is the world’s largest market for silver, and it double the amount of silver it imported last year. Why? That’s a complicated question, but here are 7 factors that affect Indian demand for silver.
Read more: http://tinyurl.com/mse5pkq
Tag Archives: silver
JP MORGAN HOLDS HIGHEST AMOUNT OF PHYSICAL SILVER IN HISTORY
While everyone is focused on the massive outflows in COMEX registered gold inventories and the gold ETF, GLD, it seems that an important evolution in silver is passing unnoticed. In what follows, Ted Butler, precious metals analyst specialized in COT analysis, reveals a remarkable insight in the physical silver market.
Read more: http://tinyurl.com/lj5cmq3
PRECIOUS METALS SECTOR NEW UPTREND – JUNIORS TO LEAD THE CHARGE
We sold our Precious Metals sector holdings on Monday 27th January, which we had bought just a few weeks earlier, in order to sidestep a possible reaction. The reason for this was that both gold and silver had arrived at important trendline resistance and some of our juniors had become critically overbought after strong gains. Were we correct to sell at that point, in view of the building major uptrend across the sector?
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WILL SILVER MAKE A COMEBACK?
Despite the recent fall in the price of silver during last week, silver is still up in January. Will silverresume its upward trend in the coming weeks? Let’s analyze the recent developments that may affect silver (SLV).
Read more: http://tinyurl.com/n6r3q6h
DAVID MORGAN: ‘THE SILVER BOTTOM IS IN: TIME TO HOLD, ADD AND RIDE IT OUT’
When the bulls are running for the doors, that is a sign that we have hit bottom and wise investors should hold on to their portfolios for the ride up, says Silver-Investor.com Editor David Morgan in this interview with The Gold Report. It may take a couple of resource war-addled years for gold and silver prices to move back to profitable levels, but the right companies could make money all the way up.
Read more: http://tinyurl.com/m2l74h3
MAJOR BUY SIGNAL IN THE PRECIOUS METALS SECTOR IN THE NEXT 2 – 3 WEEKS
It’s been my opinion for the last several weeks that gold formed an intermediate degree bottom on December 31. That being said I’m still a bit nervous that the sector could suffer another manipulation event (like the flash crash two weeks ago) so I haven’t been willing to enter a firm long position just yet.
Read more: http://tinyurl.com/n6zfv69
A SHOCKING REVELATION ABOUT GOLD MINING COMPANIES
Within the first week of 2014 U.K.’s Royal Mint announced they had completely sold out of sovereign gold coins. On the other side of the pond, the U.S. Mint reports that the sale of silver coins hit an all-time high at the end of 2013, proving that demand for physical precious metals has not abated.
Read more: http://tinyurl.com/pupjgzf
WILL GOLD AND SILVER INCREASE FROM HERE?
In our previous article on gold, we examined the situation in the U.S. dollar and the euro as many times in the past they gave us important clues about future precious metals’ moves. At that time we wrote in the summary:
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GOLD & SILVER STOCKS TO LEAD METALS HIGHER
In early November we turned bearish on the precious metals with the expectation that the sector was about to begin a final plunge that would lead to a V shaped bottom. In our last editorial, we asserted that the bear market was in its final throes. Interestingly, the plunge in precious metals stocks may have ended in early December. Over the past several weeks the gold and silver stocks failed to break lower despite the negative sentiment and the prevalence of tax loss selling. While we aren’t sure if Gold has bottomed, we think odds are strong that the stocks have bottomed.
Read more: http://tinyurl.com/kodzu47
SILVER POISED FOR A SURGE – COME ON, ANY MINUTE NOW
What happens if the United States economy continues its recent recovery next year and the Federal Reserve carries on printing money?
Read more: http://tinyurl.com/ox2jcah